II Blockchain Economy Conference in Spain to be held at the end of October

On 26 October, the 2nd Blockchain Economy Day will take place in Spain. It will be held at the Universidad Pontificia Comillas (Comillas ICADE), with online attendance by the public.

By the end of October, the II Blockchain Economy in Spain conference will be held. Specifically, it will be held on October 26th, at the Universidad Pontificia Comillas (Comillas ICADE), with online attendance by the public. Registration for this event is completely free.

The world is going to change with Blockchain. Companies are developing services with this disruptive technology. Which, brings transparency, traceability and security to any activity that supports.

Blockchain is a technology that goes beyond the first uses that have been known, such as crypto-currencies. It can be very useful when promoting the current business model, or even creating its own models and Spain is already at the forefront of these great changes.

Spain on the move with Blockchain technology

In this context, the Spanish consortia of blockchain, Alastria (more than 400 companies, universities and public bodies), and Niuron (financial, the former savings banks) position Spain at the forefront of development.

Spanish developers are making good progress worldwide with their solutions. Companies are keeping up the momentum, following the economic slowdown of the global pandemic. Such is the example of Grant Thornton (the sixth largest professional services firm in the world), one of the most active, which has the Lab Blockchain in Spain to serve the company’s 700 offices in 144 countries. The lab works on large projects for construction companies, insurance companies, banks and installers.

Topics of interest and presentations

However, during the Blockchain economy day, several topics will be addressed with different speakers. One of them is related to the digital euro of the European Central Bank (ECB), the regulation for a Crypto Genius market, the standards and the European public EBSI blockchain network that promotes an incipient industry.

In this context, Banco de España, Santander, Telefónica, Repsol, Endesa, Grant Thornton, Izertis, Realsec, Registradores de la Propiedad, UNE and the European Commission will discuss these and other issues.

José Manuel Marqués, Head of Financial Innovation at the Banco de España, will talk about the digital euro and the rest of the Central Bank Digital Currency (CBDC). Central banks around the world are considering how to introduce CBDCs safely.

The direct delivery of CBDCs to individuals will revolutionise commercial banking, and will require new cyber-security measures. This is what Jesús Rodríguez, the founding CEO of Realsec, the Spanish leader in cyber-security in banking (100 banks), industry and law enforcement, will be talking about.

Telefónica and Santander have their own laboratories

As for the Spanish business giants, they do not only deal with blockchain technology with the developers, they also work on all fronts. Telefónica and Banco Santander are examples of this. They have their own laboratories, and Banco Santander’s has around 20 professionals.

Both giants belong to consortiums specialised in this technology. They research with it to increase their efficiency, have tested developments and have adopted them. They improve and make customer service cheaper. Christoph Steck, Director of Public Policy and Internet at Telefónica, and Coty de Monteverde, Director of Blockchain at Banco Santander will talk about their companies. They will explain experiences that are in the market.

What Blockchain technology offers is more of a lubricant to the current company’s business model. Blockchain simplifies some processes, making others more efficient and helping, in general, the company to improve its business model, but it is one more complement within the great scheme that is the business model of a company.

We do not know what the impact of Blockchain will be in all fields, but it is almost certain that it will help to improve the current business models, even being able to create completely new business models in a period of greater maturity, once the initial ecstasy has passed.